These low rates only seem to help the wealthy, and prop up an overvalued stock market.
While the wealthy see their stocks skyrocketing, the poor and middle class just see higher living costs. I guess if you can afford a house the low interest rates are nice?
In the 90's I used to get $400 a year on my sweaty cd wad. (I can't afford to gamble with stocks.)
The other day I took out a few thousand from my cd, and was concerned about the early withdrawal which is tied to current interest accumulation. The fee was 49 cents.
Personally, I feel the reason the fed tax rate is so low is because Powell knows this stock market is truly a house of cards. Most business are way overvalued. He's scared to death
it will crash on a scale that won't be as bad as '29, but the wealthy will lose most of their cash.
I have never seen a bull market go on for this long.
Almost in every other I have watched the professional stock boys wait until the last retail investor put in his last dime, and they pull all their money out.
I felt it was doing to implode a few moths ago with all the NFT's, and glamour puss celebrity SPAC's being pimped, but no.
I feel if that hastily put together, nebulous, pork filled 2700 pages, infrastructure bill, which seems like it will basically be a gift to contractors (like Ghilotti Family syndicate types). It will produce very few union blue collar jobs that will not last. If it does pass we might not see a big stock market crash for a bit longer, but it's coming.
Instead of the Infrastructure bill, I would rather see a Basic Income. Poor people who didn't work got nothing out of the pandemic money. Homeless got nothing out of the handout.
Let's do the infrastructure spending when we have a clue to where the money is going?
Ok--to those who can't afford to lose money, get your money out of those overvalued stocks.
The crash is coming.
(Sorry about the rant. I have watched the stock market decimate the little guys over the years. The wealthy slowly pull out, but the retail investor gets whacked.)
> I wish the fed would raise interest rates
...
> The crash is coming.
i have heard it said raising interest rates would actually be the instigator of a huge crunch/crash
reason being that for the last 10 years or so, companies all over have been soaking up "cheap" capital from what is basically basically zero interest loans
these debts are what is keeping those companies floating/alive, and if rates were increased even a bit, it could be devastating by causing a quick succession of bankruptcies (supposedly this was why trump was so angry at the fed for pondering raising the rate)
anyways, im not an expert, but it seemed plausible...
I wish the fed would raise interest rates.
These low rates only seem to help the wealthy, and prop up an overvalued stock market.
While the wealthy see their stocks skyrocketing, the poor and middle class just see higher living costs. I guess if you can afford a house the low interest rates are nice?
In the 90's I used to get $400 a year on my sweaty cd wad. (I can't afford to gamble with stocks.)
The other day I took out a few thousand from my cd, and was concerned about the early withdrawal which is tied to current interest accumulation. The fee was 49 cents.
Personally, I feel the reason the fed tax rate is so low is because Powell knows this stock market is truly a house of cards. Most business are way overvalued. He's scared to death it will crash on a scale that won't be as bad as '29, but the wealthy will lose most of their cash.
I have never seen a bull market go on for this long.
Almost in every other I have watched the professional stock boys wait until the last retail investor put in his last dime, and they pull all their money out.
I felt it was doing to implode a few moths ago with all the NFT's, and glamour puss celebrity SPAC's being pimped, but no.
I feel if that hastily put together, nebulous, pork filled 2700 pages, infrastructure bill, which seems like it will basically be a gift to contractors (like Ghilotti Family syndicate types). It will produce very few union blue collar jobs that will not last. If it does pass we might not see a big stock market crash for a bit longer, but it's coming.
Instead of the Infrastructure bill, I would rather see a Basic Income. Poor people who didn't work got nothing out of the pandemic money. Homeless got nothing out of the handout.
Let's do the infrastructure spending when we have a clue to where the money is going?
Ok--to those who can't afford to lose money, get your money out of those overvalued stocks.
The crash is coming.
(Sorry about the rant. I have watched the stock market decimate the little guys over the years. The wealthy slowly pull out, but the retail investor gets whacked.)